Showing posts with label Central Banking. Show all posts
Showing posts with label Central Banking. Show all posts

From the myth of Russia's payment default to the collapse (reset?) of the global financial system

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How much of the bumbling, lying, stupidity, hypocrisy and projection that we are currently seeing from the increasingly aloof political class in the West is down to hubris and self delusions of a former time? That stuffed pig paraded as a rules based global power structure with the checks and balances we have been taught are inherent in our free society dont seem to be there do they. 

They confess all the time, by projection at other leaders. Apply thier accusations to them and it is enough to explain all the bizarre events happening because once you understand the scope to behave in such ways without any apparent oversight, exposure, headline grabbing scandal or consequences, then it makes sense to see that during the last dying kicks of a bloated  hegemony so thickly entrenched with the bureocratic infrastructure designed to rigidly maintain the status quo on on the Judeo Christian Anglo American Empire, the first secret empire. An empire of spin, deception and a bag of sweeties to lure you to the car where you may find a shovel, rope, a saw and cable ties. That empire has realised an information age it is now tasked with containing. Once free access to the the uncensored thoughts of others created an open source citizen journalism phenomenon to replace the consumers of corporate spin they preferred. That would mean honest debates on the issues would actually take place, issues would escape the fishbowl and debate would advance those issues instead of the the social engineering of "Divide and Rule" designed in order to sew division between by taking advantage of entrenched cultural, ethnic, religious  and ideological  flash points to the point of fear. In that climate the population votes or appeals to the power structure involved to please intervene to save one demographic from whichever other one has been engineered by social institutions and contemporary values (or actual people who "conspired" to manipulate puplic perceptions.) 

The stuffed pig presented as a rules based international order (they renamed "New World Order" on advice of think tanks) that is is the parade float (with their presstitutes, the PR Firms, er sorry I mean the mainstrean syndicated media conglomerates) riding along with them is facing the consequence of decades of blatant plunder and needs an enemy and an excuse to avoid ccountability.  Still, you would thinl they would put a bit more effort into it? How nuch idiocy is coming exactly from incompetence and how much is just them just rolling it until the great reset is hard to asses. Its even possible there is a faction with influence and persuasion that are actively designing the strategy best thought likely to collapse the current system.

If so,  it excuses no crime because current institutional and cultural values would ONLY be able to interpret such a mindset on terms of words such as: Treason, sabotage, ambush, undemocratic, State Capture etc. 

Legally cases could be shaped around conspiring to overthrow representative government, overthrowing transparency , (oversight) or removing remove accountability to voters for policy and taxpayers for failing to manage their taxation wich funds government for infrastructure, utilities and civil services and instead give to banks, the MIC and Wall Street. CRIMINAL mismanagement of public funding.
Is 6that the "Rules based" order they speak of?
 
Why is there no accountability? How did they become unelected bosses not civil servants to your constituency? And by contrast, what moral high ground allows them to point fingers at other leaders and suggest THEIR management of anything is no bad that THEY want to intervene on behalf of freedom and democracy? If this were so 2my are they not doing so on behalf of their own people? 



by Karine Bechet-Golovko.


While the United States did everything to prevent Russia from paying its debt, it sent the funds ... only foreign financial institutions received the American ban on returning them to creditors and crashed. Who is in default, the one who pays or the one who prevents payment? The United States has gone so far that even the French media cannot digest it. Because the question that now arises is that of the reliability of the United States as a financial partner: are they going to default on any country that is not sufficiently vassalized? These are mafia methods. And the current global financial system is only an instrument of this mafia, as he has just shown.




To cause Russia to default, the United States prohibited financial organizations from processing the payment made by Russia on time. Thus, the money is blocked, not transferred to creditors, and American agencies and media can finally talk about the effectiveness of their sanctions, which did not allow Russia to pay its debts.




Bloomberg had launched the movement:




The speech is laid, I quote Bloomberg:




"Russia has defaulted on its external sovereign obligations for the first time in a century, the culmination of ever-tougher Western sanctions that have closed payment channels to foreign creditors."




And the New York Times takes the same line, the official American line:




"Russia on Sunday missed a deadline to make bond payments, a move signaling its first default on international debt in more than a century, after Western sanctions thwarted government efforts to pay debts. foreign investors. The delay comes on top of efforts to insulate Moscow from global capital markets for years. About $100 million in dollar and euro-denominated interest payments failed to reach investors within a 30-day grace period after the May 27 deadline was missed. The grace period expired on Sunday evening."




For its part, the French media have a more nuanced discourse, insisting more on the fact that Russia has paid and that the payments have been blocked, like BFM which, contrary to its habit, widely disseminates the Russian position on the question:




"The international payment and clearing systems obtained the funds on time and in full and had the legal and financial means to transfer the funds in question to the final recipients", denounced the Russian Ministry of Finance.




Le Figaro even titles that Russia has been pushed into an artificial default, echoing the position of the Russian Ministry of Finance:




Moody's agency, the voice of its master, insists on default - whatever the reasons, the creditors have not received the funds, so there is default. And since Russia plans to pay the rest in roubles, there will still be a default. Behind the excess of formalism, we feel the ideological line: there can be no life outside the global world, Russia having emerged from globalization, cannot exist, it must therefore be decreed in default.




For its part, the position of the Russian Ministry of Finance is very clear, it is based on the notion of default of payment:




"According to the issuance documentation for the issuances shown, the fact of default is the debtor's failure to pay, however payment was made in advance - May 20, 2022. In this case, the non- receipt of the money by the investors did not occur as a result of default in payment, but due to third parties, which is not expressly provided for in the issue documentation as an event of default and must be considered within the framework of the general rules of law governing the terms of the issue, taking into account all the circumstances and the good faith of the acts of the parties”.




In other words, Russia cannot be held responsible for acts committed by financial structures not under its jurisdiction. Thus, Russia is not in a situation comparable to that of 1918: it has the means to pay, despite Western sanctions and it has paid. It is the globalized financial system, which has just collapsed before our eyes, because it is no longer able to guarantee the rights of creditors.




The question that begins to arise is ultimately that of the reliability of the Americans and their pocket financial structures, which can be launched against any country, from the moment it is not sufficiently submissive. The western "partners" of the United States, namely its satellite countries (from the American point of view), should seriously ask themselves the question: do they really need this? What happens with Russia can happen with any of them, if the circumstances demand it. That is, if the global Atlanticist interest is at stake.
 


Conspiracy Theory/ Fact for beginners | Part One

A series about everything you need to know about everything you shouldn't know.


What better way to start of a series than to have one already laid out for you by the best open source news source around. Since his channel was shut down by YouTube I am happy to do my bit to send a little traffic his way. In return you a get the gold standard on what journalism could be, keeping us informed on issues pertaining to our best interests by being a watchdog on those with the most resources at their disposal. 


  AKA: The best of the Corbett Report  

9/11

9/11 Trillions: Follow The Money

9/11 War Games

9/11 Whistleblowers

9/11 Suspects

PTech and the 9/11 Software

Coronavirus

COVID-911

Corona World Order

Explaining The Great Reset to Conspiracy Beginners

Is There A Flu Shot / COVID Link? – Questions For Corbett #068

A Letter to the Future

Lies, Damned Lies and Coronavirus Statistics

The Things You Cannot Say About Coronavirus

Was There Foreknowledge of the Plandemic?

What NO ONE is Saying About The Corona Crisis

What NO ONE is Saying About The Lockdowns

Your Guide to The Great Reset

Economics

Century of Enslavement: The History of the Federal Reserve

The Dark History of the Minimum Wage

Economics in One Image

Meet the SDR: The Global Reserve Currency?

The Petroyuan Was Born This Week. Here’s What It Means.

Think you know how to “End The Fed”? Take the #FedChallenge

Why Economists Are Always Wrong

Geopolitics

China and the New World Order

Destroying the ISIL Myth (James Corbett interview)

How to Play 3D Chess

How Will WWIII Be Fought? – Questions For Corbett

The Secret Lie That Started the Afghan War

The Assassination of Gaddafi

The REAL Cost of the War of Terror

Why is the MSM (Finally) Reporting on the Petrodollar?

The White Helmets Are A Propaganda Construct


Health & Environment

A Message to the Environmental Movement

5 GMO Myths Busted

Bayer + Monsanto = A Match Made in Hell

How Bad Global Warming Science Hurts the Environmental Movement

How Big Oil Steers the Environmental Movement

Rockefeller Medicine

Your Body, Their Choice

History

Debunking A Century of War Lies

History Is Written By The Winners

How & Why Big Oil Conquered the World

James Corbett on The Unregistered Podcast

Truth At Last: The Assassination of MLK

The WWI Conspiracy

Humour

5 Stupid Ideas You Won’t Believe the Government Actually Thought Of

9/11: A Conspiracy Theory

Dear Government, Deliver Us From Freedom

How to Herd Your Tax Cattle + How To Free Your Tax Cattle

JFK: A Conspiracy Theory

OKC: A Conspiracy Theory

Russiagate: A Conspiracy Theory

Literature

Aesop’s Fables

“And Then There Were None…”

James Corbett and Liberty Weekly Recommend Books

The Anarchy of Language

Franz Kafka’s The Trial

“The Library of Babel” by Jorge Luis Borges

Narcissus and Goldmund

Newspeak is Doubleplusungood

Politics

A Brief History of Hopium

Crosswalk Buttons, Voting Booths, and other Illusions of Control

How To REALLY Defeat Globalism

James Corbett Discusses the Anarchist Ideologies

Larken Rose on the Immorality of Voting

The Last Word on Voting

Our Leaders Are Psychopaths

Tjeerd Andringa Exposes the Kakistocracy

Questions and Answers

How Can A Global Conspiracy Work?

How Will WWIII Be Fought?



 

Science

Climate Models for the Layman

The Crisis of Science

Meet Paul Ehrlich, Pseudoscience Charlatan

Patrick Wood Exposes the Technocracy Agenda

Science Says

The Weaponization of “Science”

What is the Average Global Temperature?

Solutions

Really Simple Syndication

Solutions: Guerilla Gardening

Solutions: Laughing at Tyrants

Solutions: Open Science

Solutions: The Peer-to-Peer Economy

Solutions: Revolution of the Mind

Solutions: Agorism

The Thick Red Line

Voluntary Solutions to End the Fed

Unauthorized Biographies

Meet Allen Dulles: Fascist Spymaster

Meet Lee Harvey Oswald: Sheepdipped Patsy

Meet Maurice Strong: Globalist, Oiligarch, “Environmentalist”

The Secret Life of Timothy McVeigh

The Unauthorized Biography of David Rockefeller

Who Is Bill Gates         


Upcoming in the series I will stick with the open source journalism theme (since it applies to this blog) and offer a suite of sources and tools that you can use to get real information. 

I'll then cover a wide range of the tricks globalists use to wield their influence and hide from scrutiny such as philanthropy, technocracy, think tanks, nonprofit foundations, a history of the grandest conspiracies, a summary of the most unbelievable conspiracies that are definitely true, and end with theories I have but cannot confirm, so in the open source spirit I will appeal for you to assist.               


       Click HERE for the homepage for dwahts.blogspot.com 

The US National Budget

 


A (FY) Federal Budget (FY=Fiscal Year - meaning govt revenue/tax related and projected for the year. The actual budget will always exceed these figures).

In order to best understand the black budget and nuances of spending I suggest first reading: 

https://dwahts.blogspot.com/2020/02/the-united-states-worlds-most-socialist.html

&


(FY) Budgets are usually far too conservative to be adhered to, even a record $4.829 trillion federal budget proposal which was made for fiscal year (FY) 2021 on Feb. 5, 2020.1 The U.S. government estimates it will receive $3.863 trillion in revenue, creating a $966 billion deficit for Oct. 1, 2020, through Sept. 30, 2021. 

The Congressional Budget Office predicted that the COVID-19 pandemic would raise the FY 2021 deficit to $2.1 trillion. The FY 2020 deficit will be $3.7 trillion.

Spending

Government spending is broken down into three categories: 

  • Mandatory spending, budgeted at $2.966 trillion; 
  • Discretionary spending, forecasted to be $1.485 trillion; and 
  • Interest on the national debt, estimated to be $378 billion. 

Each category of spending has different subcategories. 

The DEFICIT is the shortfall.

2021 in a nutshell
  • President Trump’s budget for Fiscal Year (FY) 2021 totals $4.829 trillion, eclipsing all other previous budgets.
  • Mandatory expenditures, such as Social Security, Medicare, and the Supplemental Nutrition Assistance Program account for over 50% of the budget, but much of this is considered profiteering by pharmaceutical companies or goes to Wall Street under the pretence of "good investment" but in reality these are all vultures after their piece of the pie.
  • For FY 2021, budget expenditures exceed federal revenues by $966 billion.
  • Most of these revenues come from taxes and earnings from QE.
  • Case in point:  Obama doubled the National debt with the 2008 bailouts. DOUBLED. There is no public shareholding in the banks for this even though its actually the taxpayer that is on the hook for the debt plus interests. Only bank shareholders enjoy the profit, but the banks lost pensions, properties and savings of ours won't be repaid to us. Take and debt is for the little people, the peasants, almost all of us.

Revenue


The federal government estimates it will receive $3.863 trillion in revenue in FY 2021. Most of the revenue is in the form of taxes, paid by taxpayers, either through income or payroll taxes. The estimate for each type of revenue is as follows:1

The IRS and Fed were set up in the same year. Income tax on wage earners was never paid before then on wages, only on Capital Gains tax. There is still no law requiring US citizens to pay income tax, it is voluntary, but the cabal in power is an illegal criminal organisation the controls all branches of govt and courts, they will coerce and threaten us into paint income tax to fund the world most oligarchical

  • Income taxes contribute $1.932 trillion or 50% of total receipts.
  • Social Security, Medicare, and other payroll taxes add $1.373 trillion or 36%.
  • Corporate taxes supply $284 billion or 7%.
  • Excise taxes and tariffs contribute $141 billion or 4%.
  • Earnings from the Federal Reserve's holdings add $71 billion or 2%. Those are interest payments on the U.S. Treasury debt the Fed acquired through quantitative easing.
  • Estate taxes and other miscellaneous revenue supply the remaining 1%.

The U.S. Treasury must pay the interest on behalf of the people the bondholders brokered by the banksters to avoid a U.S. debt default. A debt default by the U.S. has unknown consequences since it has never happened before. The USD is global reserve currency, if treasury bondholders lost faith in the USD backing them the dollar would plummet, and further issuence of bonds will be almost impossible with no market to purchase them (as it already is)

Mandatory Spending


Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid.

Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion.

Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus, a meaningless token gesture designed to create a perception of responsibility against the Trillion's the government of the US caters for allowing crooks to plunder  your ney

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, in fact it will cover only 79% of the benefits promised to retirees, but that's a stretch, bank on half.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4

Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion.1 More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for needless wars to enrich contractors and their investors, funding rogue states like Israel or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief 

Military Spending

Military spending is included in the budget under discretionary spending. The biggest expense for the military is the Department of Defense base budget, estimated at $636 billion.1

Overseas Contingency Operations are estimated to cost approximately $69 billion but in reality are far, FAR higher. It pays for the war OF terror costs triggered by the false flag psyop 9/11 attacks. These include ongoing costs from the wars in Iraq and Afghanistan.

Military spending is at least $700 billion itincludes $228 billion for defense-related departments. These include, spying on citizens, arresting whilsteblowers and tracing and bugginging you. Also includes Homeland Security, the State Department, and Veterans Affairs.

All these military costs combined equal $705 billion.

The Deficit

The budget deficit is estimated at $966 billion. That's the difference between $3.863 trillion in revenue and $4.829 trillion in spending. This shortfall is added to the existing national debt.

The Congressional Budget Office (CBO) projected in April that the budget deficit for 2021 would be about $2.1 trillion, assuming no additional changes to spending and revenues. The difference between the CBO projection and the Trump budget can be attributed mainly to the impact of the coronavirus fake pandemic. The CBO expects the real GDP to decrease by about 12% in the second quarter of 2020 and for unemployment to average about 14%.5  *That figure is a posture, since it does NOT include those no longer looking for work or unemployed over 6 months 

Each president and their administration is credited or blamed with increases in national debt due to the budgets their administration proposes. The approval of the budget is delegated to Congress. In other words, it's not the president alone who bears the burden of deficit creation and national debt generation, he's the fall guy.—other elected officials do so as well  tiny bit by making marking he

How the Deficit Contributes to the National Debt


Each year, the deficit adds to the U.S. debt. To raise funds to cover the deficit, the government issues securities such as Treasury notes, which are purchased by many investors. Japan and China are two countries whose governments have purchased large amounts of U.S. debt, in a manner of speaking owning the U.S. debt.6

An anticipated budget deficit can slow economic growth. It influences rising interest rates, as investors demand more return. Eventually, investors may become hesitant to purchase Treasury notes because they fear the U.S. government may not be able to repay the debt.

Budget Process

Congress created the budget process in 1974. The process is supposed to follow four steps:

  • The Executive Office of Management and Budget prepares the budget.7
  • The president submits it to Congress on or before the first Monday in February.
  • Congress responds with spending appropriation bills that go to the president by June 30.
  • The president has 10 days to reply.

Congress has followed the budget process only twice since creating the FY 2010 budget. Since that time, the process and deadlines within it have been ignored, due to political disagreements, posturing, and government inefficiencies.

The hard deadline for budget approval is September 30. If Congress doesn't approve it by then, the government can shut down. It did just that in 2013, in January 2018, and in December 2018. To avoid shutdowns, Congress usually passes continuing resolutions.8

If the government does shut down, it signals a complete breakdown in the budget creation process, or an attempt to appear as such to distract voters.

Where did all the bailout money go that is causing all this inflation due to expanding the currency supply? Not to you or I, it went to rich companies.

See HERE

Black Budget

The trillion dollar black budget is not covered here, but it must come from somewhere, I assert it is stolen from the American Taxpayer and the  victims of US wars of aggression where US funded rebels function as weapons transporters to the terrorists trained by black ops. Oil and Opium are just two examples of how off-budget dark programs get their funding.


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